Veterinary Medical Clinic
2245 E STATE ROUTE 69 Prescott, AZ 86301
2245 E STATE ROUTE 69, Prescott, AZ, 86301
$2,199,000
For Sale
$2,199,000
High-visibility veterinary hospital and clinic is fully leased through 2031 under an NNN structure.
Property Size6,320 SF
Price / SF$347.94
Days on Market336
Property Features for 2245 E STATE ROUTE 69
General Information
- Standard status
- Active
- Size
- 6,320 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1995
Listing agency
Mountain & Desert Properties, LLC
(602) 877-5511
Listed by
Keith Lytle · License #BR640275000
(602) 877-5511
Source
Exitrealty
Added: Aug 21, 2025 Updated: Jul 22 at 2:24PM Checked: Jul 22 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mountain & Desert Properties, LLC
Investment Insights
Based on property information with market context.
This high-visibility property operates as a veterinary hospital and clinic and is currently fully leased. The long-term primary tenant is in place through 2031. The tenant is not using all available space and has sublet a portion for wellness spa use.
The asset is described as an NNN lease offering, with the property noted as 5 1/2 CAP. It is presented as a specialty healthcare-oriented facility combining veterinary services under one roof.
The listing reflects a mixed configuration of veterinary hospital/clinic operations alongside a wellness spa sublet within the same leased building.
The asset is described as an NNN lease offering, with the property noted as 5 1/2 CAP. It is presented as a specialty healthcare-oriented facility combining veterinary services under one roof.
The listing reflects a mixed configuration of veterinary hospital/clinic operations alongside a wellness spa sublet within the same leased building.
Key Highlights
- Year built 1995 high‑visibility veterinary hospital and clinic
- Fully leased through 2031 under an NNN lease structure
- Long‑term tenant in place through 2031
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.5k | $29.04 |
| − Vacancy | −$11.9k | −$1.89 |
| EGI | $171.6k | $27.15 |
| − OpEx | −$68.6k | −$10.86 |
| NOI | $103.0k | $16.29 |
6,320 SF · lease $29.04/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.47M
$1.29M – $1.72M
NOI $102,962 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.12M
$1.85M – $2.47M
NOI $148,203 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - High-visibility veterinary hospital and clinic is fully leased through 2031 under an NNN structure.
Where is this medical center located?
The property is located at 2245 E STATE ROUTE 69 Prescott, AZ.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Year built 1995 high‑visibility veterinary hospital and clinic; Fully leased through 2031 under an NNN lease structure; Long‑term tenant in place through 2031
